Independent Monitoring of CNX Ops Shows No Public Health Threat

CNX Resources released its first Radical Transparency™ assessment report yesterday. The initial results of nine months of continuous air emissions monitoring at natural gas well sites and compressor stations in southwestern Pennsylvania indicate that CNX natural gas development poses no public health risk. Period. The data is collected and disseminated to the public by an…

Read More...

7 New Shale Well Permits Issued for PA-OH-WV Jun 3 – 9

Two weeks ago, 31 new permits were issued to drill in the Marcellus/Utica region. Last week, June 3 – 9, the number dropped (dramatically) by 77% to just seven new permits. And that seems to be the pattern: Way up one week, way down the next. Last week, for the second week in a row,…

Read More...

Profits (Earnings) for Most M-U Drillers Plunged in First Quarter

While oil-focused and large diversified drillers in the U.S. made healthy profits during the first quarter of this year (January through March), such was not the case for natural gas-focused drillers. RBN Energy tracks 43 exploration and production (E&P) companies that are publicly traded and reports of those 43 that the 16 oil-focused and 15…

Read More...

CNX Gets “Radically Transparent” in Corporate Sustainability Rpt

Last November, CNX Resources CEO Nick Deiuliis signed a voluntary deal with Pennsylvania Gov. Josh Shapiro to expand drilling setbacks and several other regulatory steps not mandated for shale drillers under PA law (see CNX Signs Deal with PA Gov. to Increase Setbacks, Other Changes). Deiuliis and Shapiro held a news conference to make the…

Read More...

Media Propagandists at Capital & Main Attack CNX VP as “Lobbyist”

It’s kind of interesting to watch how the left operates. Especially the left’s favored mouthpieces that pretend to be objective news media when, in fact, it is the opposite — they are partisan hacks serving the extremist wing of the Democrat Party. We’re referring to the “news” outlet Capital & Main, a hard-left propaganda outfit…

Read More...

CNX Close to Finishing $20M Water Line in Westmoreland County, PA

CNX Resources Corporation yesterday announced that it is nearing completion of its Kiski Water Line project in Westmoreland County, PA, which will serve the company’s local operational needs for drilling and fracking. The new water line, due to be done in June, will reduce the local impact of natural gas development (fewer truck trips), and…

Read More...

CNX Buying 51M Gal. of Water from Beaver Run Reservoir for Fracking

Water use restrictions have finally been lifted at the Beaver Run Reservoir in Westmoreland County, PA (near Pittsburgh). The Municipal Authority of Westmoreland County (MAWC), which manages Beaver Run Reservoir, has issued a contract to CNX Resources allowing the company to buy up to 51 million gallons of water to use in fracking at nearby…

Read More...

Appalachian Methane Initiative Concludes 2023 Test, Expands in 2024

In January 2023, three Marcellus/Utica companies — Chesapeake Energy, EQT, and Equitrans Midstream — launched the Appalachian Methane Initiative (AMI), a coalition committed to further enhancing methane monitoring throughout the Appalachia Basin and reducing methane emissions throughout the region (see EQT, Chessy, Equitrans Form M-U Methane Monitoring Club). The initial pilot campaign from 2023 is…

Read More...

CNX Failed to Ask “Mother, May I?” for Reservoir Water Withdrawal

CNX Resources was slapped with a “notice of violation” (NOV) by the Pennsylvania Dept. of Environmental Protection (DEP) for withdrawing over 1.8 million gallons of water in Washington County, PA (for use in shale gas fracking) without first seeking the proper “Mother, May I?” approvals. The withdrawals happened over a 22-day period in the summer…

Read More...

CNX Delays Completing 11 Wells, Slicing Production 30 Bcfe in ’24

CNX Resources, headquartered in Pittsburgh, is the latest major Marcellus/Utica driller to announce a pullback in spending and production due to low-low prices that natural gas is fetching. Yesterday, CNX announced the company will “delay completions activities on three upcoming Marcellus Shale pads consisting of 11 wells to avoid bringing incremental volumes into the current…

Read More...

Temporary Setback for CNX Gas & Water Pipeline Project in SWPA

CNX Resources filed a request with the Pennsylvania Dept. of Environmental Protection (DEP) in April 2023 to build two pipelines — two for natural gas — along a 13.9-mile route in Bell, Loyalhanna and Salem Townships in Westmoreland County. An additional 4-mile pipeline would be built for water. Called the Slickville Trunkline Project, the DEP…

Read More...

18 New Shale Well Permits Issued for PA-OH-WV Feb 19 – 25

There were 18 new permits issued to drill in the Marcellus/Utica during the week of Feb. 19 – 25, up from 13 permits issued the prior week. Pennsylvania issued 8 new permits last week. Ohio issued 9 new permits (after issuing none the week before). West Virginia issued just 1 new permit last week. Encino…

Read More...

Chemstream to Reveal Full List of Chemicals Used in PA Fracking

Last November, CNX Resources CEO Nick Deiuliis signed a voluntary deal with Pennsylvania Gov. Josh Shapiro to expand drilling setbacks and several other regulatory steps not mandated for shale drillers under PA law, calling it “radical transparency” (see CNX Signs Deal with PA Gov. to Increase Setbacks, Other Changes). In December, Gov. Shapiro’s office announced…

Read More...

20 New Shale Well Permits Issued for PA-OH-WV Jan 15 – 21

There were 20 new permits issued to drill in the Marcellus/Utica during the week of Jan. 15 – 21, versus 24 permits issued during the prior week. Pennsylvania issued 11 new permits last week. Ohio issued 9 new permits. West Virginia had a big, fat zero new permits last week. Ascent Resources scored the most…

Read More...

CNX Drilled Only 4 Wells in 4Q, Rev. Down 39%, Prod. Up 4.5%

Yesterday, CNX Resources issued its fourth quarter and full year 2023 update. The company’s earnings totaled $537.83 million, or $2.89 per share in 4Q23. That compares with $1.17 billion, or $5.68 per share, in last year’s fourth quarter (down 54%). CNX’s revenue for 4Q23 fell 39% to $999.56 million from $1.64 billion last year. On…

Read More...